Approve an effective compliance policy and oversee it, which includes at a minimum:

1. 1. Establishing a permanent and effective compliance unit and updating its organization from time to time.
2. 
   2. Promoting a culture of compliance, employee responsibilities, and penalties for neglect and the levels that must be achieved.
3. 
   3. Supporting and promoting values of integrity and honesty throughout the bank.
4. 
   4. Comprehensive and total commitment in all of the bank's policies to comply with regulations and instructions.
5. 
   5. The necessary requirements for managing non-compliance risk matters.
6. 
   6. Supervising the implementation of the policy, including ensuring that compliance-related issues are addressed by senior management quickly and effectively with the help of the compliance unit.
7. 
   7. Committing to providing adequate resources to the compliance unit on a continuous basis.
8. 
   8. Granting the compliance unit the necessary independency as per Principle (5).
9. 
   9. Precisely defining the responsibilities of the compliance unit.
10. 
    10. Having the internal audit unit review the activities of the compliance unit and compliance risks periodically.
11. 
    11. Continuously overseeing efforts towards implementing the compliance policy, the performance level achieved through periodic reports, assessing the compliance unit's activities, identifying weaknesses, and efforts in training and awareness.